“Around the country, cannabis businesses face a fair mountain of red tape in trying to comply with different state and federal laws. A Colorado startup wants to help keep the legal industry rolling (and doing what it does best) by providing a one-stop shop for businesses’ compliance and payroll needs, and it’s already raking in the green.
The cannabis workforce compliance platform Wurk announced today that it has raised $2 million more in an extended seed round to help develop its growing operation in pot country and beyond, bringing its raised total to $3 million. In a press release, the company noted it would use the funds for “key executive hires” and to ramp up its expansion into new legal cannabis markets. The extended round was led by Poseidon Asset Management, with Phyto Partners, Salveo Capital and The Arcview Investor Network also participating.” Read the full post here.